(CercleFinance.com) – Ontex has published a turnover of 2.02 billion euros for the 2021 financial year, down 1.5% on a like-for-like basis compared to 2020.
At the same time, adjusted EBITDA fell 22.7% on a comparable basis, to €172.2 million.
Ontex finally recorded an adjusted net profit of 5.3 ME in 2021, down 93% compared to the 2020 profit of 81.6 ME. Adjusted EPS thus stood at 0.07 euro, against 1.01 euro a year ago.
Ontex highlights in particular the unprecedented increase in costs and indicates that it is working closely with its customers to implement price increases and stimulate the mix.
Indeed, the impact of inflation on raw materials and other operating costs increases the cost base by 15 to 20% compared to 2020 for the Group, assures Ontex.
In the 4th quarter, sales fell by 0.7% on a comparable basis, to €533.5 million, while adjusted EBITDA fell by 43.5% on a comparable basis, to €31.2 million.
For 2022, Ontex estimates that sales should return to growth, driven by price increases.
Thus, ‘the amount of structural cost savings achieved is very promising and guarantees our potential for margin improvement once the raw materials crisis is behind us’, explains Ontex management.
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